Income Level to be Middle Income

Mar 12, 2012

Q. What annual income level would you say was “middle income” for a single person?

What annual income level would you say was “middle income” for a family of 2 parents and 2 children?

 

Single Person

Family

 

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Less than $40,000

6%

13%

4%

1%

1%

3%

$40,000-$59,000

31%

35%

34%

28%

7%

14%

5%

2%

$60,000-$79,000

38%

32%

41%

47%

21%

27%

25%

15%

$80,000-$99,000

15%

12%

14%

17%

28%

26%

33%

29%

$100,000-$119,000

3%

2%

4%

3%

20%

14%

21%

26%

$120,000-$149,000

1%

1%

1%

1%

11%

9%

8%

17%

$150,000-$199,000

*

1%

5%

2%

4%

10%

$200,000 or more

*

1%

1%

Don’t know

5%

5%

2%

1%

5%

5%

3%

1%

median

$66,000

$60,000

$65,000

$69,000

$94,000

$83,000

$92,000

$103,000

69% of respondents think that “middle income” for a single person is between $40,00 and $79,000 a year. 38% think it is $60,000-$79,000.

80% of those earning under $1,000 pw think “middle income” for a single person is less than $80,000, while those on more than $1,600 pw are most likely to think it is $60,000-$79,000 (47%). The median (average) income for “middle income” for a single person is $66,000.

Estimates are more broadly spread when it comes to “middle income” families – 69% think it would be between $60,000 and $119,000. 65% think it would be at least $80,000. The median (average) income for “middle income” for a family is $94,000.

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Income Level to be Well Off

Mar 12, 2012

Q. What annual income level would you say was the minimum to be “well off” for a single person?

What annual income level would you say was the minimum to be “well off” for a family of 2 parents and 2 children?

Single Person

Family

 

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

$40,000

9%

15%

7%

5%

1%

2%

*

1%

$60,000

26%

28%

31%

23%

6%

13%

5%

2%

$80,000

28%

25%

27%

33%

15%

21%

17%

10%

$100,000

19%

15%

20%

24%

17%

19%

19%

15%

$120,000

7%

5%

6%

9%

16%

12%

19%

17%

$150,000

3%

3%

3%

5%

21%

16%

18%

29%

$200,000

1%

*

1%

1%

12%

5%

14%

18%

$300,000

1%

2%

*

1%

3%

3%

2%

5%

$500,000

*

*

1%

2%

3%

1%

1%

$1 million

1%

1%

1%

1%

1%

1%

1%

Don’t know

5%

6%

4%

1%

5%

5%

4%

1%

median

$69,000

$63,000

$67,000

$73,000

$111,000

$93,000

$107,000

$123,000

63% think that a single person earning $80,000 would be considered “well off”. The average (median) minimum income for a single person to be considered “well off” was $69,000.

55% think that a family earning $120,000 would be considered “well off”. The average (median) minimum income for a family to be considered “well off” was $111,000.

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Income Level to be Wealthy

Mar 12, 2012

Q. What annual income level would you say was the minimum to be “wealthy” for a single person?

What annual income level would you say was the minimum to be “wealthy” for a family of 2 parents and 2 children?

Single Person

Family

 

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

Total

Income under $1,000pw

Income $1,000 – $1,600pw

Income $1,600+

$40,000

2%

3%

1%

1%

1%

$60,000

6%

10%

4%

6%

2%

2%

3%

*

$80,000

15%

17%

20%

10%

4%

7%

3%

2%

$100,000

21%

19%

25%

23%

9%

13%

10%

5%

$120,000

14%

11%

15%

17%

9%

10%

13%

6%

$150,000

17%

18%

13%

22%

19%

17%

22%

20%

$200,000

10%

8%

10%

11%

22%

20%

16%

32%

$300,000

4%

3%

4%

4%

15%

10%

15%

19%

$500,000

4%

3%

6%

3%

9%

9%

11%

7%

$1 million

3%

3%

1%

3%

5%

4%

4%

7%

Don’t know

5%

4%

2%

1%

5%

5%

3%

1%

median

$106,000

$102,000

$98,000

$113,000

$159,000

$146,000

$147,000

$182,000

58% think that a single person earning $120,000 would be considered “wealthy”. The average (median) minimum income for a single person to be considered “wealthy” was $106,000.

66% think that a family earning $200,000 would be considered “wealthy”. The average (median) minimum income for a family to be considered “wealthy” was $159,000.

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